Cramer’s Garbage Pick – Waste Management
“Investors looking to cash in from a great stock with an accidentally high dividend yield need look no further than Waste Management (WMI), Cramer said on Monday’s “Mad Money” TV Show. Waste Management is up over 10% since Cramer’s March 18 call, and he said there is still plenty of upside left. The company is one of the few companies with double-digit earnings growth. Surprisingly, volumes have been low due to the economic slowdown, but collections are actually up by 8%. The company is also managing costs by renegotiating its land fill rates and its raising prices. Cramer told viewers that when housing comes back, Waste Management will be in a great position to prosper. He also mentioned that WMI is hunting for acquisitions to add to its bottom line. “Waste Management pays its next dividend on June 19, and investors need to own the stock by May 27 in order to collect that payment,” he said. Get the scoop on tomorrow’s hottest trade ideas – TODAY! BeaconEquity.com PREMIER PICKS have an amazing track record. Join this select group and ride the profit wave!
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